Black Friday saleUp to 70% OFF

Moving Averages

🚀 Don't Miss Out: Safari Industries Hits Bullish Breakout! 📈 #📊 Safari Industries Technical Analysis 📅 Date: 31st January 2024 🔵 Closing Price: ₹2031.90 (↑ 4.6%) 🎯 Technical Indicators: Fibonacci Level: Closed above critical level (0.5) at ₹2025.75. 50-Day Moving Average: Surpassed 50-DMA at ₹2030.33. EMA & MA Crossover: Bullish signal with the red line crossing above the yellow line. Parabolic SAR: Two days of positive signals indicating a bullish direction. MACD: Positive crossover noted on 18th January 2024. RSI & %R: Positive crossover on 29th January 2024; trading high. Fisher Transform: At the upper band, indicating bullish sentiment. 🎲 Market Outlook: Short-term bullish trend expected if market opens positively on 1st February 2024. 🎯 Targets & Entry Point: Entry Point: If market opens above ₹2031.90. Target 1: ₹2072.8 (Fibonacci 0.64 level). Target 2: ₹2138.45 (Fibonacci 0.786 level). 🛑 Stop Loss: For conservative traders: ₹1881 or ₹1886.25. 🔔 Disclaimers & Disclosures: This analysis is based on historical data and does not guarantee future performance. Investors should conduct their own research or consult a financial advisor before making investment decisions. This content is for informational purposes only and should not be construed as financial advice. #SafariIndustries #StockAnalysis #TechnicalAnalysis #NSE #Investing #TradingStrategy #BullishTrend #FibonacciLevels #StockMarket
NSE:SAFARILong
by finogent
Voltas moving in green. Intraday trade for 01/02/24.Voltas on the daily close has given a break out of the resistance zone around 1050-60. It made a base around the 20 DEMA and given a nice move with good volumes. Bullish entry can be made in the stock for positional trade for a ultimate level fo 1230. Intraday entry with 1140 as target can be initiated and a stict SL should be kept as tomorrow is budget. Target :- 1140, 1230 Support :- 1082, 1055 Enty :- Starts trading above 1095 levels. Crossing the resistance level of 6 month can give some buying momentum. Wait for the price action near the levels before entering the stock.
NSE:VOLTAS
by Mambotrade
Reversal candidate SonacomsThere is clear higher lows formation seen after about 2 yrs of correction phase. 20ma and 50ma on weekly charts have started showing upward direction. Buy above (600 levels) is good resistance level. Targets and SL are on charts. As I see lot of new followers thought of adding Caution Notes: Try to learn the concept instead of looking for tips. Master one strategy that suits your psychology and stick to it for consistent results. This is weekly chart Targets can come in 1~9 months time. This will not suit you if you are looking for quick gains in few days. Use proper money/risk management to calculate position size. Be disciplined to follow Stop Loss (SL). I am not a Qualified/Registered Financial adviser.
NSE:SONACOMSLong
by yndesai
HINDCOPPER: 🔍 Technical Analysis Update for NSE:HINDCOPPER - Week Starting January 23, 2024 📈 Entry Point: Consider entering the trade if the price crosses ₹275.40. 🎯 Target: Aim for a first target at ₹289.45. 🛑 Stop Loss: Set your stop loss at ₹230.60 to manage risk. 💹 Indicators Summary: Parabolic SAR: Buy signal initiated around ₹245.00. EMA & MA Crossover: Bullish signal at ₹264.05. MACD: Awaiting crossover; signal at 18.42, MACD at 14.69. Stochastic RSI: Buy signal present; K at 14.90, D at 8.78. %R: Neutral at 43, indicating potential upward movement. Fisher Transform: Bullish signal at the lower band; Fisher value at 0.72. 🚦 Overall Outlook: The market indicators suggest a cautiously optimistic trend towards bullishness, with key signals aligning for a potential upward movement. Monitoring the MACD crossover and %R values will be crucial in the coming days. ⚠️ Disclaimer: This analysis is for informational purposes only and should not be considered as financial advice. Always conduct your own research and consult with a financial advisor before making investment decisions. #HindustanCopper #TechnicalAnalysis #StockMarket #Investing #TradingStrategy #FinancialMarkets 🌟 Stay updated and invest wisely! 🌟
NSE:HINDCOPPERLong
by finogent
1
Banknifty weekly analysis for 29/01/24.Banknifty has closed below the weekly 20 ema and looks bearish as the golden ratio is also breached. The previous trading session has formed a bullish hammer but still is trading below the previous day high. Bullish swing/intrady should be created above 46200 levels. It has taken support from 20DEMA. Major support levels :- 44480, 44290 No trading zone is market between 44480-45130 due to the volatility in the market. Resistance levels :- 45130, 45470, 46160 Markets will be opening after a long weekend and chance are there of a gap up/down opening. Trailing stop loss can help capturing the trend. This is a budget week and option premiums will be high. Enter a confirm setup and aviod entering the between the trend. Watch price action near the levels before entering the trade.
NSE:BANKNIFTY
by Mambotrade
1
FinNifty monthly expiry analysis for 30/01/24.After the first hour move FinNifty has consolidated and remained in a narrow range. Tomorrow is it monthly expiry and chance are there will be a trending move as it has consolidated today. Major Bullish targets :- 20720, 20925 It has closed around 61.8% level which around the closing of the index. If there is a flat opening and a break out, fresh position either side can be initiated. In case of a gap up there will be another bullish day for it, else there will be a halt candle. Support levels :- 20230, 19950-20010 Wait for market to form a price action and trade accordingly.
NSE:CNXFINANCE
by Mambotrade
Nifty weekly analysis for 29/01/24.Nifty is looking strong on the weekly charts and the recovery on the last trading session is looking positive too. It has closed around 38.2% fib level. If the market gap up there are chance of a W pattern above 21480, it can test 21550 levels. Wait for a hourly candle close above or below the levels. As good intraday targets can be achieved in the trade. Resistance levels :- 21480, 21550, 21700 If there is a gap down below 21230 level, it can trade upto the previous day low. Bearish target/ support levels :- 21230, 21020-21000, 21860 The market will be volatile this week as there is a budget on wednesday. Option premium are high and there is much movement in the premiums. SL should be trailed for capturing the move. Wait for the price action near the levels before entering the market.
NSE:NIFTY
by Mambotrade
Nifty weekly analysis for 23/01/24.Nifty on weekly and daily time frame has formed a engulfing candle and chance are there of market going down if it breaks below 21500 level for intraday. It has been taking support from the daily 20 moving average and rejection from 50% fibonacci level. If market tries to move up side it will hit the resistance levels of 21800. In case the level is crossed and sustained, it can test 22000 level. Up move targets :- 21800, 21970. On the other hand, market can test the support levels of 21500 and 21350. Even the hourly 200 ema will also act as a support i.e. 21430. Support levels :- 21500, 21430. 21350 Chances are there that market can retest the support levels and if the last support levels of 21350 is breached, bearish trade targets can be 21020-21110. Wait for opening of the market as much of the movement is decided after the price action.
NSE:NIFTY
by Mambotrade
Banknifty weekly analysis for 23/01/24. Banknifty is taking support from the weekly 20 ema and has formed a bearish engulfing candle on the charts. The movinga averages are being respected by the market, it is hovering between both 20 and 200 ema on daily charts. A consolidation is there in between 50-61.8% fibonacci levels. It has been trading in a similar range for last 3 trading session and this week is only of 3 days. In case, market starts moving up it will face resistance around the rejection levels of 46610 and 46900-47050. Resistance :- 46230, 46610, 46900-47050. The market is showing some negative sentiments and there are chances of it hitting below 45k levels once the support zone of 45500 is breached. Bearish trades can be initiated once 45450 level is gone and market starts sustaining below it. There are buyers around this level and lower targets of 45000 and 44600 can be capture on the break down. Support levels :- 45450-500, 44930, 44550(daily 200 ema). Mark the no trading zone of 45450-46100 as the market is volatile in this range. Wait for the price action and candle closing below or above the levels before initiating a trade.
NSE:BANKNIFTY
by Mambotrade
Huge selling in HDFC. How to trade it tomorrow.One side fall in the stock has impacted the indices too. HDFC bank, is heavy weight in index, fell 140 point or 8.5% created a sell off. It took a retest of 200 ema and has closed below both the averages. It may give another red candle tomorrow. There stock has closed around a support zone and chance of testing 1500 levels are high. Short position can be created below 1535 levels and targets can be trailed if the market remain in red. Support levels:- 1505, 1470-80 The results are not that bad to make the stock fell so much. Some long term investors can accumulate some quantity. Wait for a price action and enter only confirm trades.
NSE:HDFCBANK
by Mambotrade
2